Most small and medium-sized businesses traditionally use the cash in their bank accounts to handle corporate transactions. This approach forced them to walk a tightrope between managing cash flow and taking care of business expenses. Unlike their larger counterparts, these businesses lacked access to credit lines or funding to keep the lights on without touching…
List Of Top 10 Books Every CFO Should Read At Least Once In Their Lifetime
CFOs are responsible for managing the financial health and strategy of an organization. They need to stay updated on the latest trends, innovations, and best practices in the field of finance. One way to do that is to read books written by experts, leaders, and thinkers who have shaped the world of finance. Reading will…
How FinTech Companies In India Are Helping Indian Businesses Navigate Compliance Challenges In Spend Management
The World Economic Forum, which recently concluded its annual business conference in Davos, stated that financial technology companies are thriving in India. After a period of funding challenges and regulatory uncertainties, 2024 is expected to be positive for the industry. It is good news for not just financial technology companies but also small and medium-sized…
The Impact Of FinTech Companies On Improving Spend Management Practices
For a long time, companies have been managing their account payables and receivables through manual processes involving a lot of paperwork. Although some large organizations relied on enterprise solutions to manage their spending across departments, it was different for small and medium-sized businesses. You see, these enterprise solutions were expensive and clunky requiring dedicated resources…
Financial Solutions For SMEs: Bridging The Gap With FinTech Innovations
In India, SMEs (small and medium enterprises) are essential contributors to the national GDP. As per NASSCOM, SMEs account for close to 40% of GDP in emerging economies, in addition to about 60% of total employment. Despite its significance in the Indian economy, SMEs are a financially underserved group. The rigid business models of financial…
How Spend Management Software Is Revolutionizing Indian Businesses
For small businesses, every rupee saved is a rupee earned. As they don’t have a big budget to manage their spending, they ensure every rupee they spend is accounted for. However, relying on manual processes will slow down spending management and give way to errors. For example, managing SaaS subscription payments from spreadsheets can lead…
FinTech For Scaling: How Indian Startups Can Grow Beyond Borders
India boasts the third largest startup ecosystem in the world only after the US and China. It is also becoming one of the key contributors to the economy through its revenue, funding, and job creation. India today has over 99,000 registered startups along with 108 unicorns, which exhibits a significant rise after its humble beginnings…
Maximizing ROI: How SaaS Spend Management Software Can Save Your Business Money
Software-as-a-service (SaaS) has been a major boon for companies in the digital era offering a range of advantages over on-prem IT operations. It allows you to streamline your workflows, and save massively in terms of time and money besides enabling remote access to your business operations. SaaS helps companies drive innovation underscored by the flexible…
How FinTech Is Disrupting The Indian Banking Sector
The FinTech story in India is seeing an unscripted glory. It is poised to become the largest industry by 2030 with 10x growth, as per an EY report. A positive government policy has facilitated several unicorns to emerge in the financial industry leveraging technologies like AI/ML to transform the way people bank. The accelerated digital…